O vs. HYT
O (Realty Income Corporation) is a stock, while HYT (BlackRock Corporate High Yield Fund) is High Yield Bonds fund actively managed by BlackRock. Over the past 10 years, O returned 4.43%/yr vs 7.34%/yr for HYT. At a 0.26 correlation, their price movements are largely independent.
Performance
O vs. HYT - Performance Comparison
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Returns By Period
In the year-to-date period, O achieves a 8.78% return, which is significantly higher than HYT's 1.45% return. Over the past 10 years, O has underperformed HYT with an annualized return of 4.43%, while HYT has yielded a comparatively higher 7.34% annualized return.
O
- 1D
- -1.36%
- 1M
- -2.66%
- YTD
- 8.78%
- 6M
- 7.49%
- 1Y
- 13.14%
- 3Y*
- 5.19%
- 5Y*
- 2.41%
- 10Y*
- 4.43%
HYT
- 1D
- 0.12%
- 1M
- 0.21%
- YTD
- 1.45%
- 6M
- -3.62%
- 1Y
- -1.11%
- 3Y*
- 10.09%
- 5Y*
- 2.64%
- 10Y*
- 7.34%
O vs. HYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 8.78% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
HYT BlackRock Corporate High Yield Fund | 1.45% | 0.06% | 14.43% | 19.92% | -22.58% | 16.62% | 11.55% | 31.19% | -7.81% | 8.99% |
Correlation
The correlation between O and HYT is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 30, 2003 | 0.26 |
Over the past year, the correlation between O and HYT has dropped to 0.02 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
O vs. HYT — Risk / Return Rank
O
HYT
O vs. HYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) and BlackRock Corporate High Yield Fund (HYT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| O | HYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | -0.11 | +1.30 |
| Martin ratioReturn relative to average drawdown | 2.93 | -0.27 | +3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| O | HYT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -0.11 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.18 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.43 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.42 | +0.06 |
Drawdowns
O vs. HYT - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, smaller than the maximum HYT drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for O and HYT.
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Drawdown Indicators
| O | HYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -56.95% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -10.17% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -13.95% | -12.54% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -29.05% | -5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -42.59% | -5.69% |
Current DrawdownCurrent decline from peak | -10.00% | -4.65% | -5.35% |
Average DrawdownAverage peak-to-trough decline | -9.21% | -5.91% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 4.19% | +0.31% |
Volatility
O vs. HYT - Volatility Comparison
Realty Income Corporation (O) has a higher volatility of 4.81% compared to BlackRock Corporate High Yield Fund (HYT) at 2.64%. This indicates that O's price experiences larger fluctuations and is considered to be riskier than HYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| O | HYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 2.64% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 8.01% | +3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 10.01% | +6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 14.47% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 16.94% | +8.70% |
Dividends
O vs. HYT - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.39%, less than HYT's 10.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYT BlackRock Corporate High Yield Fund | 10.84% | 10.50% | 9.53% | 9.91% | 9.80% | 7.58% | 8.18% | 7.92% | 9.20% | 7.68% | 8.23% | 10.18% |
O Realty Income Corporation | 5.39% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Frequently Asked Questions
O and HYT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (4.81%) compared to HYT (2.64%). In terms of maximum drawdown, O dropped -48.45% vs HYT's -56.95%.
O currently has the higher Sharpe Ratio (0.82 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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